1001 Davis Drive

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1001 Davis Drive

Apex, NC 27523-8223
Asking Price
$5.60M
Asset Type
Retail
Class
Class B

What's Special

1001 Davis Drive is situated in Apex, North Carolina, within a rapidly developing suburban corridor. The property is located near the intersection of Highway 55 and U.S. 64, providing direct access to the wider Research Triangle region. The surrounding neighborhood is characterized by a mix of established residential subdivisions and modern commercial developments. Local amenities include several grocery-anchored shopping centers, medical offices, and public parks. The site benefits from proximity to major thoroughfares, facilitating consistent traffic flow from both local residents and regional commuters. This retail asset is suited for businesses seeking visibility within a high-growth demographic area. Ideal use cases include neighborhood services, specialty boutiques, or quick-service food and beverage providers. The location typically attracts national franchisees and local independent retailers looking to capture the area’s increasing consumer spending power. Tenant profiles often reflect the needs of the surrounding community, including healthcare services, fitness studios, and convenience-based retail. The site’s positioning supports businesses that rely on daily-needs traffic and easy accessibility for suburban shoppers.

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NOI
$80,000
Cap Rate
1.43%
DSCR
0.24
Underwater
Cash-on-Cash
-15.03%
Monthly Payment
$27,705.745
Annual Cash Flow
$-252,468.934

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